Rocky,
I am interested in the answers to your thread. I am looking at the same thing. Issues are
1) Large collection
2) Lossless storage
3) accurate ripping
4) Back up (I am thinking RAID 1 - which means everything is duplicated on two drives to ensure no loss of music collection + one additional drive to hot swap - i.e triple backup)
5) Jitter (got to find a way that minimizes this)
6) Bit transparency (make sure no pesky software digital volume control, EQ, sample rate converter or other software bug undermines the sound)
6) Wireless (everything should be accessible from a remote or laptop - no wires to connect - storage media should be in a utility room where I don't hear the hard drive fan)
So far: I'm thinking of storing the music collection in Apple Lossless on a LaCie 2TB 2Big NAS connected to a Wireless Router. A macbook would wireless access the storage and Itunes would wireless serve the music to an Apple Express connected by TOSLINK to a asynchronous sample rate converting DAC.
I do not want to hijack your thread but I'll be reading all the comments with interest.